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A User’s Guide to BPM5-Based BOP and IIP Accounts
Warnock, Francis E.Technical Note DARDEN-BP-0523-ECorporate GovernanceThis note presents a short description of BPM5-based balance of payments (BOP) and international investment position (IIP) presentations. It refers to data for South Africa, but given that there are worldwide standards for countries that report both BOP and IIP, it should provide guidance for understanding the data of just about any country.Starting at €8.20
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A Technical Note on the Open Economy IS/LM Model
Warnock, Francis E.Technical Note DARDEN-BP-0528-ECorporate GovernanceThis technical note introduces the basic structure of what we call the Three-Paned Model. The model is essentially just an “opening up” of the closed-economy IS/LM Model, with the main pane being the IS/LM Model (modified only slightly to allow for international trade) and two additional panes that determine the amount of capital inflows, net exports, and the exchange rate. This note is not a substitute for the more in-depth presentation of these...Starting at €8.20
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Inflation Targeting
Warnock, Francis E.; Drake, JustinTechnical Note DARDEN-BP-0495-ECorporate GovernanceSince 1990, 21 countries have shifted to a monetary policy of inflation targeting. This technical note defines inflation targeting; discusses how it came about; and analyzes implementation issues and the pros and cons of inflation targeting.Starting at €8.20